• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News
    • In the news: ADB

    Haruhiko Kuroda: 8th at 8

    By Johanna Morden // 18 March 2013
    Haruhiko Kuroda, former president of the Asian Development Bank. Photo by: ADB / CC BY-NC

    Today, Haruhiko Kuroda brings to a close an eight-year run as the eighth Asian Development Bank president. Let’s take a look at the reforms the bank saw under its former president.

    When Haruhiko Kuroda took over as ADB president and board of directors chairperson in 2005, Asia was the underdog of the global economic area. Now, at 68, he leaves behind clear-cut reforms in a financial institution seen to have a pivotal role in amplifying the growth many Asian countries now enjoy:

    • ADB took on its long-term stategic framework Strategy 2020 which, according to ADB Principal Director for External Relations Ann Quon, “enabled ADB to push forward on mainstreaming climate change and strengthening support to countries in fragile and conflict-affected situations, among others.”

    • The bank tripled its operations from $7.4 billion in 2005 to $21.57 billion in 2012, showing the region’s surging need for development finance.

    • It also tripled its capital base from $55 billion to $165 billion, and reinforced the Asian Development Fund, ADB’s concessional lending window.

    • ADB became the first multilateral bank to apply a corporatewide results framework, called the ADB Scorecard, to measure performance and to boost accountability and transparency in its dealings.

    • The ADB-administered ASEAN Infrastructure Fund was formed. The target: to help stimulate infrastructure connectivity in Southeast Asia.

    Former U.S. Ambassador to the ADB Curtis S. Chin told Devex that while Kuroda’s track record speaks for itself, where he “has perhaps been less successful is changing a mindset and management approach at the ADB, which too often places more emphasis on lending levels than on development impact and results.”

    For his part, Kuroda said in a statement: “I am honored to have been entrusted with the leadership of this great organization, and I am proud of all we have accomplished together. Of course, much remains to be done in a region still faced with many challenges. I have every confidence in ADB’s continued success in addressing them.”

    Kuroda holds a degree in law from the University of Tokyo and a Master of Philosophy in economics from the University of Oxford. Before becoming ADB’s top official, he was the special advisor to the Cabinet of former Japanese Prime Minister Junichiro Koizumi and a professor at the Graduate School of Economics at Hitotsubashi University in Tokyo, among others.

    Kuroda is slated to assume leadership at the Bank of Japan.

    Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.

    • Banking & Finance
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Johanna Morden

      Johanna Morden

      Johanna Morden is a community development worker by training and a global development journalist by profession. As a former Devex staff writer based in Manila, she covered the Asian Development Bank as well as Asia-Pacific's aid community at large. Johanna has written for a variety of international publications, covering social issues, disasters, government, ICT, business, and the law.

    Search for articles

    Related Stories

    Devex InvestedDevex Invested: The race to lead the African Development Bank heats up

    Devex Invested: The race to lead the African Development Bank heats up

    Devex InvestedDevex Invested: Unpacking Bill Gates’ pledge to spend $200B by 2045

    Devex Invested: Unpacking Bill Gates’ pledge to spend $200B by 2045

    Food SystemsHow ADB plans to invest $40B in food systems by 2030

    How ADB plans to invest $40B in food systems by 2030

    Climate FinanceIs ADB still Asia and the Pacific’s ‘climate bank’?

    Is ADB still Asia and the Pacific’s ‘climate bank’?

    Most Read

    • 1
      How low-emissions livestock are transforming dairy farming in Africa
    • 2
      The UN's changing of the guard
    • 3
      Lasting nutrition and food security needs new funding — and new systems
    • 4
      The top local employers in Europe
    • 5
      The power of diagnostics to improve mental health
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement